As a real estate broker specializing in care home sales, as well as a CPA, I am frequently asked by clients how to “improve the bottom line,” or, increase net operating income. I’m often surprised that many care home owners do not timely prepare monthly operating statements, or, P&Ls. We cannot stress the importance of compiling monthly P&Ls as soon as possible after the end of each...
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Selling your care home is no simple task. And when you sell on your own – known as a FSBO (or For Sale by Owner) – you’re responsible for handling some of the more difficult aspects of the process without the expert guidance you need. The 2021 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) surveys homeowners who recently sold their...
Researchers from the University of California, Riverside say they have uncovered a reason why some people with protein plaques and tangles in their brains do not develop Alzheimer’s disease. The prevailing theory is that brain plaques and tangles (made up of protein fragments) cause Alzheimer’s. In fact, evidence of this damage is one component of an Alzheimer’s diagnosis. But not all people who...
The game of chess can provide incredible lessons to apply to all aspects of life, including the care homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The care homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home...
Like most industries, residential real estate (including residential care homes) has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year. Residential real estate is very similar. The...
New legislation introduced by U.S. Rep. Fred Keller (R-PA) Earlier this month aims to create a pipeline of workers for long-term care and other industries. The Strengthening Knowledge, Improving Learning, and Livelihoods, or SKILLS, Act would connect workers who experienced lay-offs and closures in industries hard hit by the pandemic, such as retail and hospitality, to career opportunities in fields such...
Have you considered selling your RCFE, but think it’s better to wait until the New Year before you put your RCFE on the market? Think again! The holidays are a MAGNIFICENT time to sell your RCFE because buyer demand is still very strong. Also, holiday-decorated homes look their best and make a great impression. So, if you are under the mistaken impression that RCFE buying and selling activity...
If you’re looking to maximize your sale and minimize your effort, you need to work with an expert real estate professional who specializes in senior care properties. In a sellers’ market like today’s, it can be tempting to list your RCFE on your own – known as For Sale By Owner (FSBO). But the truth is, a real estate professional specializing in senior care properties can save you time and...
A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase an RCFE home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride RCFE ownership offers The sense of stability In the same survey, 41% of respondents say they’d rather own a home than rent because of the...
Freddie Mac: 5.3% If you’re an RCFE renter with a desire to become an RCFE homeowner, you may be hoping that waiting a year might mean better market conditions to purchase an RCFE home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will RCFE home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the...